Rebirth of science and technology to rejuvenate the country
Chapter 206 Acquisitions
The Canton Fair ended smoothly without any surprises, and the transaction volume of Xingyuan also increased significantly compared with the first half of the year.
Next, Yuanxia will focus on the Bauma Shanghai, where not only the newly developed crawler cranes will be launched, but also the jib pump truck with a pumping height of 45 meters will be launched.
The higher the height of the boom pump truck, the more difficult it is to increase by one meter. At present, this height is already the highest in Asia, and it is also among the best in the world.
Since the implementation of business divisional sales last year, Xingyuan has established an East China marketing center in Shanghai.
There is a huge exhibition hall in Shanghai, where almost all the products of the company have models. When the company exhibits in Shanghai, there is no need to run to Shanghai with all the big and small belongings. You only need to bring the latest products, and the rest come from East China Center can transfer over.
The bauma exhibition will be held on November 11-23, and Yuanxia went there ahead of time to arrange the exhibition.
The day before the opening, Yu Xingyi flew to Shanghai from Yuecheng.He goes to Shanghai or Guangzhou at least once a year to participate in exhibitions to learn about the latest developments in the industry.
Zheng Gong is already 70 years old. He thinks that his energy is low, so he voluntarily resigns from the post of chief engineer.
Yuan Xia did not agree, but also consciously reduced his workload, and the work of the chief engineer was gradually transferred to Yu Xingyi.
Therefore, Yu Xingyi not only has to attend classes and do scientific research, but also has to control the overall trend of the company's research and development.
Of course, Yuan Xia also helped a lot, after all, he is an experienced person, and knows what the best products should look like.
This year's Bauma is much larger than the previous one, and there are many foreign brands participating in the exhibition, including some brands that have never entered the Chinese market.
Of course, it was invited by Messe München, and because of China's rapid economic growth in recent years, they have taken a fancy to this huge market.
This time Xingyuan's booth is very large, the scale of which is the same as that of international big names such as Caterpillar and Komatsu, and another domestic construction machinery giant Xu Gong Machinery is also in this array.
Moreover, Xucheng Heavy Industry's booth is right next to Xingyuan.Although there are not many intersections between the two companies, and the focus of the products is not the same, the two companies have unknowingly developed into the top 2 in the domestic industry, so they unconsciously regard each other as competitors.
However, Xucheng Heavy Industry is currently facing a problem that many state-owned enterprises face. The organization is bloated and the debts are heavy. Although Xucheng Machinery's business volume is second to none in the country, it cannot drive the entire Xucheng Heavy Industry Group.
Therefore, Xucheng Heavy Industry Group intends to restructure and is currently attracting capital from all over the world. It plans to sell most of the shares of Xugong Machinery in exchange for technology and funds to accelerate the company's development.
Yuan Xia participated in this matter in his previous life and wanted to buy the equity of Xucheng Heavy Industry, but although Xucheng Heavy Industry wanted to sell the equity, he didn't want to sell it to a competitor, so he rejected Xingyuan because the bid was too low.
Xucheng Heavy Industry finally chose the Case Fund of the United States and planned to introduce foreign capital. This was actually quite common in the restructuring of state-owned enterprises at that time.
At that time, everyone did not realize the seriousness of this problem, but in the end Yuanxia turned the tide and prevented this foreign acquisition.However, it also pushed himself and Xingyuan to the forefront, which caused a lot of discussion and criticism.
This time, he didn't intend to let Xingyuan participate in the equity acquisition of Xugong Machinery, but planned to let Cui Pingsheng go.
The scale of Bauma was unprecedented, and Yuan Xia and Yu Xing basically spent the first four days at other booths, because this was an excellent learning opportunity.
As for signing the bill, that is of course the job of the salesmen.
The exhibition ended on Friday, and the next two days were weekends. Yuan Xia and Yu Xingyi were not in a hurry to go back.
Yuan Xia called Cui Pingsheng and asked him to have a meal together.
Cui Pingsheng said: "We can see each other every day when we go back to Yuecheng, why are we still in Shanghai?"
Yuan Xia said: "Shanghai's food is different from our Yuecheng's food. It has a different flavor. Mr. Cui, don't you want to try it? Anyway, I'm treating you."
Cui Pingsheng laughed heartily: "It's true, you are rich and powerful now, so I'll go eat from the rich, where can I eat?"
Yuan Xia applied for a local restaurant, and Cui Pingsheng hurriedly said, "Eat Shanghai cuisine? Shanghai cuisine is too sweet, it doesn't suit your taste."
Yuan Xia said: "There are also non-sweet ones, mainly hairy crabs."
Cui Pingsheng was very disgusted: "Hairy crabs are only a little bit big, what's delicious, why not eat king crabs."
"But small crabs are not as delicious as big crabs. Eat slowly and chat slowly." Yuan Xia said.
"Since when have you learned how some people go around, you can't speak directly?" Cui Pingsheng was full of disgust, but he still said, "Okay, I'll come on time."
That night, the three of them met at a local restaurant on Nanjing Road.
Cui Pingsheng arrived later than Yuan Xia and Yu Xingyi. After entering the private room, he saw two people sitting there chatting. They were very close to each other, both wearing shirts and a V-neck sweater outside. The preppy style looks extremely elegant, especially pleasing to the eye.
Cui Pingsheng couldn't help but said: "With the two of you, I'm like a bad old man. What do you say? Call Zhuyu by my side, I can only feel ashamed."
Yuan Xia moved away a little bit, and said with a smile: "Mr. Cui, you are burying me. You are so magnanimous. The prime minister can hold a boat in his belly, so you can make great things happen."
Cui Pingsheng spat at him: "If Xingyue's performance hadn't been half that of Xingyuan's, I would have believed it! Professor Yu, you don't care about Mr. Guan Yuan, he is full of words now, without a word of truth, Are you not afraid of being deceived by him?"
Yu Xing turned his head to look at Yuan Xia, couldn't help laughing for a while, and then said: "Yuan Xia is right."
Yuan Xia laughed out loud when he heard the words, and spread his hands: "Look, what I'm telling is the truth."
Cui Pingsheng protested dissatisfiedly: "Professor Yu, you are still a teacher of the people, so you are not honest anymore. It seems that those who are close to ink are black."
Yuan Xia smiled and handed over the menu: "President Cui, let's order."
Cui Pingsheng said: "Just serve a few non-sweet dishes."
Yuan Xia was not too polite, so he ordered a few signature dishes in the restaurant, of course, the main one was hairy crabs.
The dishes came out quickly, and Yuan Xia poured some rice wine for all three of them.Usually he doesn't like to drink, and when he goes out to socialize with clients, he tries not to drink if he can. Even when he has dinner with the leader, he only drinks one or two glasses of fun at most.I eat crab today, so I must have some rice wine.
The steamed hairy crabs were served first, and the three of them began to disassemble the crabs.
Cui Pingsheng said: "If you invite me to eat such a troublesome thing, do you have a lot to say?"
Yuan Xia laughed: "President Cui really understands people. I'll get straight to the point. Have you heard about Xu Cheng Heavy Industry's recruitment?"
Cui Pingsheng raised his eyebrows: "I heard. Are you interested?"
Yuan Xia waved his hand: "No, I'm not interested. You are."
Cui Pingsheng raised his eyes and looked at him: "How do you know I'm interested? You know better than myself."
Yuan Xia said, "No, I'm encouraging you to buy."
Cui Pingsheng looked at Yuan Xia, and said in an unbelievable tone: "Xugong Machinery's financial statement last year showed an annual turnover of 32 billion, and ours was less than 17 billion. You said that I should buy their shares? This is not a snake swallow elephant?"
Yuan Xia nodded and said: "It's good that their turnover is higher than yours, but they also have much more debt than you. I heard that the recent inventory results show that Xucheng Heavy Industry Group's net assets are pitifully small."
Cui Pingsheng said: "Even if this is the case, how much do you think the acquisition of Xucheng Heavy Industry will cost? Even if it only costs 10 billion, we can't afford that much money. Besides, it's hard enough for me to be Xingyue, let me go To acquire Xucheng Heavy Industry, I don't have superpowers."
Yuan Xia gave him an analysis: "The acquisition of Xucheng Heavy Industry has only benefits and no harm to you Xingyue. Look, is your biggest domestic competitor Xucheng Heavy Industry? The products of your two companies are highly overlapping. To be honest, don't Angry, Xucheng Heavy Industry's products are even better than yours."
"I admit it." Cui Pingsheng was not hypocritical.
Yuan Xia said: "You also produce diesel engines, and now you can produce large diesel engines, and most of your products are self-sufficient. If Xucheng Heavy Industry is acquired, their technology and yours will be invincible once they join forces."
Cui Pingsheng put down the crab pincers and said, "If you want to say that, why don't you buy it yourself? You are now one of the best in the field of domestic machinery for cement pump trucks, excavators, and dump trucks, but the crane has just started and bought Xucheng Heavy industry has developed in an all-round way and has become a real leader."
Yuan Xia smiled and said: "You think I don't want to? I can't do it, Xucheng Heavy Industry will not sell it to me. Because I am a private enterprise and he is a state-owned enterprise, he can't save face and will never talk to me. You guys The status is equal, and if you come forward, you have a much better chance than me."
Although Yuan Xia also guessed that Xucheng Heavy Industry would not agree to Xingyue's acquisition, they just wanted to sell it to foreign capital and then import advanced technology from abroad.But he had to let Xingyue test it out. Even if he opposed Case's acquisition of Xucheng Heavy Industry in the future, it would be well-known and well-founded.
Cui Pingsheng sneered: "In what age, there is still such a thing as equal status? Do you think that the status of state-owned enterprises is still the same as that of the previous state-owned enterprises?"
Yuan Xia smiled and said: "That's because you have a broad mind, but not everyone sees it like you. There are so many construction machinery manufacturers in China, and our Xingyuan is a different kind. Do you think it's a bit hateful?"
When Cui Pingsheng heard this, he couldn't help laughing: "Don't say it, it's a little bit. It can't compare, and it can't catch up. Don't you hate it!"
Yu Xingyi sent the dismantled crabs to Cui Pingsheng: "President Cui, eat the crabs."
Cui Pingsheng was flattered: "Thank you, Professor Yu! I really dare not be a great professor for dismantling crabs for me!"
Yu Xing smiled and said: "You are my old leader! You should." He put another disassembled one in front of Yuan Xia: "Here you are, my current leader."
Yuan Xia couldn't help laughing: "Thank you. What about you?"
Yu Xingyi said: "I'm dismantling it, you continue to chat."
Yuan Xia said: "Mr. Cui, you should go to Xucheng Heavy Industry to test the word first, and prepare to participate in their first round of funding campaign. I propose to bid 20 billion to acquire 85% of their shares."
Cui Pingsheng's eyes widened: "You are trying to kill me!"
Yuan Xia said with a smile: "Try it, it may not be possible. But if it does happen, I will definitely find a way to help you raise the money. Professor Yu can testify for us."
Cui Pingsheng waved his hand: "You both belong to the same family. But this is indeed a big adventure for us."
"Adventures are meant to be challenged, isn't President Cui willing to try?" Yuan Xia continued to lobby.
Cui Pingsheng said: "I can't be the only one who has the final say. I have to go back and hold a meeting, and I have to report to the province for instructions."
"You can try it. It's best to hurry up. Their first round of bidding is about to start. I have also made a lot of materials here. I will give them to you after returning to Yuecheng. It can save you a lot of time." Yuan Xia explain.
Cui Pingsheng said: "You are all ready, why don't you try it yourself!"
Yuan Xia said: "I tried it, but people ignored me. So I think this opportunity should not be wasted, so I let you try it. In fact, there is one more thing I am most afraid of."
Cui Pingsheng asked, "What are you afraid of?"
Yuan Xia said: "I am afraid that Xucheng Heavy Industry will sell itself to a foreign-funded enterprise, and it will end up like Hefei Hitachi and Shantui Komatsu in the future. After so many years, are there still few of our national brands that have been frozen?"
When Cui Pingsheng heard this, he immediately agreed: "Okay, I'll go!"
Next, Yuanxia will focus on the Bauma Shanghai, where not only the newly developed crawler cranes will be launched, but also the jib pump truck with a pumping height of 45 meters will be launched.
The higher the height of the boom pump truck, the more difficult it is to increase by one meter. At present, this height is already the highest in Asia, and it is also among the best in the world.
Since the implementation of business divisional sales last year, Xingyuan has established an East China marketing center in Shanghai.
There is a huge exhibition hall in Shanghai, where almost all the products of the company have models. When the company exhibits in Shanghai, there is no need to run to Shanghai with all the big and small belongings. You only need to bring the latest products, and the rest come from East China Center can transfer over.
The bauma exhibition will be held on November 11-23, and Yuanxia went there ahead of time to arrange the exhibition.
The day before the opening, Yu Xingyi flew to Shanghai from Yuecheng.He goes to Shanghai or Guangzhou at least once a year to participate in exhibitions to learn about the latest developments in the industry.
Zheng Gong is already 70 years old. He thinks that his energy is low, so he voluntarily resigns from the post of chief engineer.
Yuan Xia did not agree, but also consciously reduced his workload, and the work of the chief engineer was gradually transferred to Yu Xingyi.
Therefore, Yu Xingyi not only has to attend classes and do scientific research, but also has to control the overall trend of the company's research and development.
Of course, Yuan Xia also helped a lot, after all, he is an experienced person, and knows what the best products should look like.
This year's Bauma is much larger than the previous one, and there are many foreign brands participating in the exhibition, including some brands that have never entered the Chinese market.
Of course, it was invited by Messe München, and because of China's rapid economic growth in recent years, they have taken a fancy to this huge market.
This time Xingyuan's booth is very large, the scale of which is the same as that of international big names such as Caterpillar and Komatsu, and another domestic construction machinery giant Xu Gong Machinery is also in this array.
Moreover, Xucheng Heavy Industry's booth is right next to Xingyuan.Although there are not many intersections between the two companies, and the focus of the products is not the same, the two companies have unknowingly developed into the top 2 in the domestic industry, so they unconsciously regard each other as competitors.
However, Xucheng Heavy Industry is currently facing a problem that many state-owned enterprises face. The organization is bloated and the debts are heavy. Although Xucheng Machinery's business volume is second to none in the country, it cannot drive the entire Xucheng Heavy Industry Group.
Therefore, Xucheng Heavy Industry Group intends to restructure and is currently attracting capital from all over the world. It plans to sell most of the shares of Xugong Machinery in exchange for technology and funds to accelerate the company's development.
Yuan Xia participated in this matter in his previous life and wanted to buy the equity of Xucheng Heavy Industry, but although Xucheng Heavy Industry wanted to sell the equity, he didn't want to sell it to a competitor, so he rejected Xingyuan because the bid was too low.
Xucheng Heavy Industry finally chose the Case Fund of the United States and planned to introduce foreign capital. This was actually quite common in the restructuring of state-owned enterprises at that time.
At that time, everyone did not realize the seriousness of this problem, but in the end Yuanxia turned the tide and prevented this foreign acquisition.However, it also pushed himself and Xingyuan to the forefront, which caused a lot of discussion and criticism.
This time, he didn't intend to let Xingyuan participate in the equity acquisition of Xugong Machinery, but planned to let Cui Pingsheng go.
The scale of Bauma was unprecedented, and Yuan Xia and Yu Xing basically spent the first four days at other booths, because this was an excellent learning opportunity.
As for signing the bill, that is of course the job of the salesmen.
The exhibition ended on Friday, and the next two days were weekends. Yuan Xia and Yu Xingyi were not in a hurry to go back.
Yuan Xia called Cui Pingsheng and asked him to have a meal together.
Cui Pingsheng said: "We can see each other every day when we go back to Yuecheng, why are we still in Shanghai?"
Yuan Xia said: "Shanghai's food is different from our Yuecheng's food. It has a different flavor. Mr. Cui, don't you want to try it? Anyway, I'm treating you."
Cui Pingsheng laughed heartily: "It's true, you are rich and powerful now, so I'll go eat from the rich, where can I eat?"
Yuan Xia applied for a local restaurant, and Cui Pingsheng hurriedly said, "Eat Shanghai cuisine? Shanghai cuisine is too sweet, it doesn't suit your taste."
Yuan Xia said: "There are also non-sweet ones, mainly hairy crabs."
Cui Pingsheng was very disgusted: "Hairy crabs are only a little bit big, what's delicious, why not eat king crabs."
"But small crabs are not as delicious as big crabs. Eat slowly and chat slowly." Yuan Xia said.
"Since when have you learned how some people go around, you can't speak directly?" Cui Pingsheng was full of disgust, but he still said, "Okay, I'll come on time."
That night, the three of them met at a local restaurant on Nanjing Road.
Cui Pingsheng arrived later than Yuan Xia and Yu Xingyi. After entering the private room, he saw two people sitting there chatting. They were very close to each other, both wearing shirts and a V-neck sweater outside. The preppy style looks extremely elegant, especially pleasing to the eye.
Cui Pingsheng couldn't help but said: "With the two of you, I'm like a bad old man. What do you say? Call Zhuyu by my side, I can only feel ashamed."
Yuan Xia moved away a little bit, and said with a smile: "Mr. Cui, you are burying me. You are so magnanimous. The prime minister can hold a boat in his belly, so you can make great things happen."
Cui Pingsheng spat at him: "If Xingyue's performance hadn't been half that of Xingyuan's, I would have believed it! Professor Yu, you don't care about Mr. Guan Yuan, he is full of words now, without a word of truth, Are you not afraid of being deceived by him?"
Yu Xing turned his head to look at Yuan Xia, couldn't help laughing for a while, and then said: "Yuan Xia is right."
Yuan Xia laughed out loud when he heard the words, and spread his hands: "Look, what I'm telling is the truth."
Cui Pingsheng protested dissatisfiedly: "Professor Yu, you are still a teacher of the people, so you are not honest anymore. It seems that those who are close to ink are black."
Yuan Xia smiled and handed over the menu: "President Cui, let's order."
Cui Pingsheng said: "Just serve a few non-sweet dishes."
Yuan Xia was not too polite, so he ordered a few signature dishes in the restaurant, of course, the main one was hairy crabs.
The dishes came out quickly, and Yuan Xia poured some rice wine for all three of them.Usually he doesn't like to drink, and when he goes out to socialize with clients, he tries not to drink if he can. Even when he has dinner with the leader, he only drinks one or two glasses of fun at most.I eat crab today, so I must have some rice wine.
The steamed hairy crabs were served first, and the three of them began to disassemble the crabs.
Cui Pingsheng said: "If you invite me to eat such a troublesome thing, do you have a lot to say?"
Yuan Xia laughed: "President Cui really understands people. I'll get straight to the point. Have you heard about Xu Cheng Heavy Industry's recruitment?"
Cui Pingsheng raised his eyebrows: "I heard. Are you interested?"
Yuan Xia waved his hand: "No, I'm not interested. You are."
Cui Pingsheng raised his eyes and looked at him: "How do you know I'm interested? You know better than myself."
Yuan Xia said, "No, I'm encouraging you to buy."
Cui Pingsheng looked at Yuan Xia, and said in an unbelievable tone: "Xugong Machinery's financial statement last year showed an annual turnover of 32 billion, and ours was less than 17 billion. You said that I should buy their shares? This is not a snake swallow elephant?"
Yuan Xia nodded and said: "It's good that their turnover is higher than yours, but they also have much more debt than you. I heard that the recent inventory results show that Xucheng Heavy Industry Group's net assets are pitifully small."
Cui Pingsheng said: "Even if this is the case, how much do you think the acquisition of Xucheng Heavy Industry will cost? Even if it only costs 10 billion, we can't afford that much money. Besides, it's hard enough for me to be Xingyue, let me go To acquire Xucheng Heavy Industry, I don't have superpowers."
Yuan Xia gave him an analysis: "The acquisition of Xucheng Heavy Industry has only benefits and no harm to you Xingyue. Look, is your biggest domestic competitor Xucheng Heavy Industry? The products of your two companies are highly overlapping. To be honest, don't Angry, Xucheng Heavy Industry's products are even better than yours."
"I admit it." Cui Pingsheng was not hypocritical.
Yuan Xia said: "You also produce diesel engines, and now you can produce large diesel engines, and most of your products are self-sufficient. If Xucheng Heavy Industry is acquired, their technology and yours will be invincible once they join forces."
Cui Pingsheng put down the crab pincers and said, "If you want to say that, why don't you buy it yourself? You are now one of the best in the field of domestic machinery for cement pump trucks, excavators, and dump trucks, but the crane has just started and bought Xucheng Heavy industry has developed in an all-round way and has become a real leader."
Yuan Xia smiled and said: "You think I don't want to? I can't do it, Xucheng Heavy Industry will not sell it to me. Because I am a private enterprise and he is a state-owned enterprise, he can't save face and will never talk to me. You guys The status is equal, and if you come forward, you have a much better chance than me."
Although Yuan Xia also guessed that Xucheng Heavy Industry would not agree to Xingyue's acquisition, they just wanted to sell it to foreign capital and then import advanced technology from abroad.But he had to let Xingyue test it out. Even if he opposed Case's acquisition of Xucheng Heavy Industry in the future, it would be well-known and well-founded.
Cui Pingsheng sneered: "In what age, there is still such a thing as equal status? Do you think that the status of state-owned enterprises is still the same as that of the previous state-owned enterprises?"
Yuan Xia smiled and said: "That's because you have a broad mind, but not everyone sees it like you. There are so many construction machinery manufacturers in China, and our Xingyuan is a different kind. Do you think it's a bit hateful?"
When Cui Pingsheng heard this, he couldn't help laughing: "Don't say it, it's a little bit. It can't compare, and it can't catch up. Don't you hate it!"
Yu Xingyi sent the dismantled crabs to Cui Pingsheng: "President Cui, eat the crabs."
Cui Pingsheng was flattered: "Thank you, Professor Yu! I really dare not be a great professor for dismantling crabs for me!"
Yu Xing smiled and said: "You are my old leader! You should." He put another disassembled one in front of Yuan Xia: "Here you are, my current leader."
Yuan Xia couldn't help laughing: "Thank you. What about you?"
Yu Xingyi said: "I'm dismantling it, you continue to chat."
Yuan Xia said: "Mr. Cui, you should go to Xucheng Heavy Industry to test the word first, and prepare to participate in their first round of funding campaign. I propose to bid 20 billion to acquire 85% of their shares."
Cui Pingsheng's eyes widened: "You are trying to kill me!"
Yuan Xia said with a smile: "Try it, it may not be possible. But if it does happen, I will definitely find a way to help you raise the money. Professor Yu can testify for us."
Cui Pingsheng waved his hand: "You both belong to the same family. But this is indeed a big adventure for us."
"Adventures are meant to be challenged, isn't President Cui willing to try?" Yuan Xia continued to lobby.
Cui Pingsheng said: "I can't be the only one who has the final say. I have to go back and hold a meeting, and I have to report to the province for instructions."
"You can try it. It's best to hurry up. Their first round of bidding is about to start. I have also made a lot of materials here. I will give them to you after returning to Yuecheng. It can save you a lot of time." Yuan Xia explain.
Cui Pingsheng said: "You are all ready, why don't you try it yourself!"
Yuan Xia said: "I tried it, but people ignored me. So I think this opportunity should not be wasted, so I let you try it. In fact, there is one more thing I am most afraid of."
Cui Pingsheng asked, "What are you afraid of?"
Yuan Xia said: "I am afraid that Xucheng Heavy Industry will sell itself to a foreign-funded enterprise, and it will end up like Hefei Hitachi and Shantui Komatsu in the future. After so many years, are there still few of our national brands that have been frozen?"
When Cui Pingsheng heard this, he immediately agreed: "Okay, I'll go!"
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